The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. The Iraqi federal government in Baghdad and the Kurdistan Regional Government (KRG) have concluded a first round of talks to discuss the management of the Kurdistan region's oil and gas resources. The meeting follows the ruling by a federal court in February that exports of oil and gas from the Kurdistan region […]
The Department of Media and Information (DMI) of the Kurdistan Regional Government (KRG) has signed a Memorandum of Understanding (MoU) with the United Nations Population Fund (UNFPA) to promote ending gender-based violence and youth participation in the Kurdistan Region of Iraq. The event was also attended by the Head of KRG Department of Foreign Relations, […]
As part of the KRG's drive to promote transparency, Deloitte have been commissioned to produce an audited report detailing oil and gas exports, production costs, and revenues for the second half of 2021. The report, which analyzes the oil and gas industry on a quarterly basis, is now available as a PDF in English, Kurdish […]
By John Lee. The Kurdistan Regional Government (KRG) has reportedly awarded a six-month contract to conduct for a rail feasibility study to a Spanish company. Sources did not name the company, but said the cost of the report would be $2.6 million. The project will examine the feasibility of linking the border-crossings of Ibrahim al-Khalil […]
KRG Prime Minister Masrour Barzani and UAE Minister of Cabinet Affairs, Mohammed al-Gergawi on have signed a Memorandum of Understanding (MoU) on governance and the exchange of information. The MoU will further cooperation between the KRG and UAE, with the UAE offering the Kurdistan Region assistance in the development of government affairs and human resources, […]
By John Lee. Genel Energy has just published details of its payments to governments for the year 2021: Introduction and basis for preparation This report sets out details of the payments made to governments by Genel Energy plc and its subsidiary undertakings ('Genel') for the year ended 31 December 2021 as required under the Disclosure […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) closed up nearly 13 percent on Wednesday after the company announced that revenue for 2021 had almost tripled. In its results for the full year ended 31 December 2021, Jon Harris, Gulf Keystone's Chief Executive Officer, said: "I am pleased to report a year of strong […]
By John Lee. The Prime Minister of the Kurdistan Regional Government (KRG) has assured the region's partners in the oil and gas sector that the KRG "remains committed" to the contracts that have been signed with energy companies. Masrour Barzani told the Global Energy Forum 2022 that the contracts are "in line with our oil […]
Consultation workshop on the Commercial Arbitration Bill and the New York Convention to implement its mechanisms paving economic growth in Iraq As Iraq acceded recently to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, which entered into force on 9 February 2022, UNDP in partnership with the European Union (EU) […]
Genel Energy has announced its audited results for the year ended 31 December 2021. Bill Higgs, Chief Executive of Genel, said: "Our strategy and business model remain focused on cash generation. Prior to the invasion of Ukraine and the associated increase in the oil price, we were well positioned for our free cash flow to […]
By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iran's Cross-Border Strikes: A Pattern in Search of a Policy The latest strike on Iraq points to a brazen, illegal, and dangerous strategy of exercising […]
By John Lee. Iran's Islamic Revolutionary Guards Corp (IRGC) has claimed responsibility for a missile attack early on Sunday near the US consulate in Erbil. Among the buildings damaged were the offices of the Kurdistan24 news agency. No injuries were reported, which Iran said was retaliation for an Israeli strike in Syria that killed two […]
